The “MoneyTree” data, a closely watched barometer of venture capital financing, was not issued as expected on Tuesday due to what the data provider described as problems in “validating” information.
Thomson Financial issued a short statement Tuesday morning acknowledging a glitch in the release of the report. Thomson is partnered with the National Venture Capital Association and financial services firm PricewaterhouseCoopers in producing the quarterly reported labeled as the “MoneyTree.”
Jeff Barber, partner for PwC in Raleigh, told WRAL Local Tech Wire on Monday that there was a “glitch” with the data.
“It will be a few more days before it’s released.” Barber said.
The scheduled report was to focus on venture investments by technology sector, region and state along with size of deals.
Thomson, PwC and the NVCA normally release the data early to media partners on an embargo basis, host a conference call with venture industry experts to discuss trends and implications, and then release the report.
Monday came and went with no report.
Meanwhile, Dow Jones VentureOne and partner Ernst & Young, which compete with the MoneyTree report, announced their data as scheduled.
In a statement Tuesday, Thomson Financial said:
"The MoneyTreeTM report that was scheduled for July 24th has been delayed due to technical issues at Thomson Financial. We are in the process of validating our data. We expect to complete our verification shortly and you will be informed promptly of the new release date for the MoneyTree report.”
Ina separate statement, a public relations agency working with Thomson, PwC and the NVCA, said it had “no update on when the data will be available.”
The MoneyTree and VentureOne reports often differ in specific amounts on investments and other statistics but do generally track in the same general direction.
PwC puts on a quarterly breakfast event called “Shaking the Money Tree” to discuss trends and implications with a VC panel and an invited audience of investors as well as entrepreneurs.
